According to Investing.com, PNC Bank plans to close 19 branches across the United States by February 2024.
A Closer Look
The U.S. PNC closures will include bank locations in Pennsylvania, where five branches are scheduled to shutter; the New Jersey Haddon Heights and Orange branches, and other branches in in Illinois, Texas, Alabama, Ohio, Florida, and Indiana.
PNC's decision to close 19 bank locations in the U.S. is part of a broader strategic adjustment by the company to realign with evolving client interactions, as well as to concentrate on expanding and renovating sites in core areas such as Pittsburgh and Washington D.C.
The last few years, particularly this year of 2023, have seen the closure of countless business operations; a sad development, indicative of the pandemic residue, and the subsequent increasing economic challenges around the country and throughout the world.
The PNC bank closures compound the issue.
[Note: This article is based on accredited news and media reports, including linked information attributed to Investing.com.]